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...economy already in recession, firms are trying to figure out how to survive until the crunch is over. Projects have been put on hold and credit is tight. Many are likely to lose their jobs, while budget cuts and tax hikes will further dampen the economy. "Everything is frozen," says financier Paul Papadopoulos. "It's a wait-and-see scenario." (See pictures of retailers which have gone out of business...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...most important part of this MacGyverized contraption is an insulated one-third-gallon jug - like the kind sold in camping-supply stores - filled with 2½ lb. of frozen carbon dioxide, which costs about $1 per lb. (and should be handled only with gloves). As the dry-ice pellets slowly evaporate, the open thermos spout lets the CO2 - which falsely signals bedbugs that a breathing, blood-filled meal is nearby - seep out overnight. That's usually enough time to entice the nocturnal insects into the other key component of the trap: the overturned food-and-water dish on which the thermos...

Author: /time Magazine | Title: How to Build Your Own Bedbug Detector | 2/15/2010 | See Source »

...However, prosecutors in cases like these still face significant legal hurdles in trying to reclaim public assets suspected of being stolen by political leaders. Last month, a Swiss court ordered $4.6 million in frozen accounts to be returned to former Haitian dictator Jean-Claude Duvalier after his family appealed a lower court's decision to turn the money over to charities, arguing the statute of limitations on any purported wrong-doing had expired. Moreover, despite a 2005 U.N. convention setting legal requirements for fighting corruption, Valerian says many Western countries have been slow to apply the measures and tend...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

...running our blades all over it! Skating is so ingrained in Dutch DNA that fans talk about one particular race, the "Eleven-City Tour," with the sort of reverence normally shown by global soccer fans for their favorite teams. The Eleven-City Tour is a 125-mile skate over frozen lakes and canals in the northern Dutch province of Friesland. Since all the water has to be frozen at once, the race is hardly an annual event. In fact, conditions haven't permitted an Eleven City Tour since 1997; the Dutch fans clearly long for another one. On a piece...

Author: /time Magazine | Title: Explaining the Crazy Dutch Love of Speed Skating | 2/14/2010 | See Source »

Speak to enough good people from the Netherlands, however, and you begin to appreciate their love of the sport. Ice-skating began more than 1,000 years ago, on the frozen canals and waterways of Scandinavia and Holland. By the 1600s, speed skating became a useful form of transportation for the Dutch, who used their blades to travel between villages. The Netherlands doesn't get much snow, and there are no mountains, so skiing is out of the question. But it gets cold, and the county's frozen winter waterways offer ample opportunities for outdoor skating. "In Holland, kids learn...

Author: /time Magazine | Title: Explaining the Crazy Dutch Love of Speed Skating | 2/14/2010 | See Source »

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